Active
13060 Burbank Blvd
Sherman Oaks CA, 91401
$4,550,000
$297.48 per sqft
Active
21 Beds
21 Baths
15,295 sqft
Multi-family
Built in 1958
Rare opportunity to acquire 13060 Burbank Blvd, a 19-unit value-add property located in the heart of prime Sherman Oaks, one of Los Angeles' most desirable submarkets. Nestled along Burbank Blvd, between Coldwater Canyon Avenue and Fulton Avenue, this property offers investors a chance to own a coveted piece of real estate in one of the San Fernando Valley's most attractive rental markets. Constructed in 1958, this two-story structure spans approximately 15,295 square feet on a 15,825 square foot lot. The property has been meticulously maintained and managed by the same ownership for nearly 14 years, offering significant rental upside. Additionally, there is potential to build three Accessory Dwelling Units (ADUs), which would substantially increase income (buyer to confirm). 13060 Burbank Blvd provides investors with the rare opportunity to acquire an ideal value-add opportunity with significant upside potential. The Property features spacious and well-designed units, with a strong unit mix of (1) studio, (15) one-bedroom, one-bath units, and (1) two-bedroom, one-bath unit, and (2) two-bedroom, two-bath units. Over the years, the ownership has implemented unit upgrades on select units as they turn over including high-end finishes, upgraded flooring and kitchens, granite countertops, double pane windows, stainless steel appliances, 13060 Burbank Blvd provides investors with the rare opportunity to acquire an ideal value-add opportunity with significant upside potential. The Property features spacious and well-designed units, with a strong unit mix of (1) studio, (15) one-bedroom, one-bath units, and (1) two-bedroom, one-bath unit, and (2) two-bedroom, two-bath units. Over the years, the ownership has implemented unit upgrades on select units as they turn over including high-end finishes, upgraded flooring and kitchens, granite countertops, double pane windows, stainless steel appliances,
24-430045
MLSⓇ ID
August 21, 2024
Listed
October 2, 2024
Updated
Map
13060 Burbank Blvd
Sherman Oaks CA, 91401
Interior Features
Total Stories
2
Bedrooms
21
Total Bathrooms
21
Appliances
Microwave, Refrigerator, Range/Oven
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.36 Acres
Other Property Details
Area Name
Sherman Oaks
Days on Market
8
Garage
No
Parking
Private, Assigned
Parking Total
19
View
No
County
Los Angeles
Pool
Yes
Pool Features
In Ground
Zoning
LARD1.5
Listed by Angelica Gotzev with Kidder Mathews of California, Inc.
Listing Contact: 818-636-6342
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor JACOB ARUTIUNIAN | CA DRE# 01990588 & LIUBOV SAVOSKIN | CA DRE# 02015017 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/2/2024